F&G Annuities & Life (NYSE:FG) Posts Earnings Results, Beats Expectations By $0.03 EPS

F&G Annuities & Life (NYSE:FG - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.03, Zacks reports. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.93%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm earned $0.96 EPS.

F&G Annuities & Life Stock Performance

FG stock traded up $0.83 during mid-day trading on Friday, hitting $46.05. The company had a trading volume of 74,198 shares, compared to its average volume of 56,661. F&G Annuities & Life has a 12 month low of $34.90 and a 12 month high of $48.71. The stock's fifty day moving average price is $42.53 and its two-hundred day moving average price is $41.04. The firm has a market cap of $5.81 billion, a PE ratio of -767.37 and a beta of 1.32. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

F&G Annuities & Life Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Tuesday, December 17th. This is an increase from F&G Annuities & Life's previous quarterly dividend of $0.21. F&G Annuities & Life's dividend payout ratio (DPR) is -1,399.77%.

Analyst Ratings Changes

FG has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of F&G Annuities & Life from $44.00 to $46.00 and gave the company an "equal weight" rating in a research report on Friday. Piper Sandler boosted their target price on F&G Annuities & Life from $40.00 to $46.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd.

About F&G Annuities & Life

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.